Question
E13-16A Prepare a horizontal analysis of the comparative income statements of Garza Music Co. Round percentage changes to the nearest one-tenth percent (three decimal places).
E13-16A Prepare a horizontal analysis of the comparative income statements of Garza Music Co. Round percentage changes to the nearest one-tenth percent (three decimal places). 2014, 2013 Total Revenue (2014) 971,000 ; (2013) 868,000 Expenses: Cost of Goods Sold 437,000 ; 408,750 Selling and general expenses 287,000 ; 265,000 Interest Expense 23,500 ; 13,500 Income Tax Expense 105,500 ; 84,650 Total Expenses 853,000 ; 771,900 Net Income 118,000 ; 96,100 E13-19A Prepare a comparative common-size income statement for Garza Music Co., using the 2014 and 2013 data of E13-16A and rounding to four decimal places
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